iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) saw an uptick in trading volume on Wednesday . 323,503 shares changed hands during trading, an increase of 151% from the previous session’s volume of 129,132 shares.The stock last traded at $22.23 and had previously closed at $22.25.

iShares iBonds Dec 2032 Term Treasury ETF Stock Down 0.1%

The stock has a fifty day moving average of $22.50 and a 200 day moving average of $22.74.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a $0.0759 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. This is a boost from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, September 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC purchased a new position in iShares iBonds Dec 2032 Term Treasury ETF during the first quarter valued at $73,000. Integrated Wealth Concepts LLC lifted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 22,407 shares of the company’s stock worth $518,000 after purchasing an additional 780 shares in the last quarter. Captrust Financial Advisors purchased a new stake in iShares iBonds Dec 2032 Term Treasury ETF in the 2nd quarter worth $672,000. Parallel Advisors LLC bought a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF during the 4th quarter valued at about $1,524,000. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 45.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 67,319 shares of the company’s stock valued at $1,557,000 after purchasing an additional 20,985 shares during the last quarter.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.